All posts tagged pay-per-view

The Undertaker was defeated for the first time in his career at WrestleMania XXX last night in New Orleans. And today, the company that put on the show fell almost 15%. Are the fortunes of World Wrestling Entertainment somehow connected to those of the wrestler from Death Valley?

Alas, it’s a less mortal risk dragging on the stock: the trials of new media. The new WWE Network digital service charges subscribers $10 a month for an all-you-can-eat helping of wrestling, including the pay-per-view (PPV) events that have previously cost $45-60 per event. The company has guessed that it could eventually draw up to 4 million subscribers, and has a target of 1 million by the end of the year.

Numbers in the millions and subscription fees in the $120 a year range suggests a big new revenue stream. But as Barrons reported over the weekend, that’s only half the story. More on this after the jump… Read More »